No addition for expense shown in projected P&L A/c without showing corroborative evidences

Brief of the case:  In case of DCIT vs. M/s. Vaghasia Associates , the tribunal of Ahmedabad held that,  where assessee, a builder, was following project completion method of construction and project was not completed during relevant year, income from said project was not assessable in this year, and thus the question of determination of quantum of income became academic. The tribunal held that merely because some estimated labour payment was written on the projected profit & loss account, the addition for unexplained expenditure cannot be made. In the absence of any corroborative evide...